Tech & Science Amazon to sell China cloud services unit in $300 million deal

09:58  14 november  2017
09:58  14 november  2017 Source:   Reuters

Amazon discounts other sellers' products as retail competition stiffens

  Amazon discounts other sellers' products as retail competition stiffens Amazon.com Inc is cutting prices of products from third-party sellers on its website, moving beyond its more typical method of discounts on items it sells directly. The "discount provided by Amazon" applies to products including board games and technological gadgets offered by other merchants as the holiday season approaches. The retailer has been trying to compete aggressively on some items to win sales and draw customers away from low-priced rivals like Wal-Mart Stores Inc.The move allows Amazon to sell the products at lower prices while still giving full price to the sellers.

In 2013 Amazon 's web services business signed agreements with provincial governments in China , and has previously worked with some of China 's Cloud services have become a crowded and competitive field in China in recent years, with Alibaba Group Holding Ltd's cloud unit opening over a

Amazon .com Inc's Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon 's Chinese web services business for up to 2 billion yuan (1 million ), ending the U.S. firms's cloud -computing business in the country.

a close up of a logo: FILE PHOTO: Amazon logo is pictured in Mexico City © REUTERS/Carlos Jasso/Illustration/File Photo FILE PHOTO: Amazon logo is pictured in Mexico City Amazon.com Inc's Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon's Chinese web services business for up to 2 billion yuan ($301 million), ending the U.S. firm's cloud-computing business in the country.

Sinnet, which began operating the Amazon services in August 2016, said in a filing late on Monday the pending purchase would help the unit "comply with local laws and regulations and further improve service quality and security."

Amazon did not immediately respond to a request for comment on Tuesday morning.

Google reportedly wants to take on Amazon’s audiobook business

  Google reportedly wants to take on Amazon’s audiobook business Amazon has long dominated the audiobook market online with Audible, which sells retail titles and also offers subscriptions to its service. Now, it looks like Google might be getting in on the game with the impending introduction of audiobooks in the Play Store. Android Police noted in a teardown of the code of an upcoming version of the Google Play store app that there’s a new category called ‘audiobooks’. However, it remains to be seen whether Google will sell them in the Play store, or whether it will eventually build out a separate app to list and play these titles, as the code presently doesn’t include new screens for audiobook listings.

BEIJING (Reuters) - Amazon .com Inc’s Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon ’s Chinese web services business Cloud services have become a crowded and competitive field in China in recent years, with Alibaba Group Holding Ltd’s cloud unit opening over a

Amazon .com Inc's Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon 's Chinese web services business for up to 2 billion yuan (1 million ), ending the U.S. firm's cloud -computing business in the country.

Chinese regulators are tightening rules on foreign data and cloud services, including new surveillance measures and increased scrutiny of cross-border data transfers.

In August Sinnet told customers it would begin shutting down VPNs and other services on its networks that allow users to circumvent China's Great Firewall, citing direct instructions from the government.

The changes are linked to new national cyber laws that came into effect in 2017, which make network providers liable for content deemed dangerous or offensive to "socialist values".

In 2013 Amazon's web services business signed agreements with provincial governments in China, and has previously worked with some of China's largest tech firms including Xiaomi Inc, Qihoo 360 Technology Co Ltd and Kingsoft Corp Ltd.

Cloud services have become a crowded and competitive field in China in recent years, with Alibaba Group Holding Ltd's cloud unit opening over a dozen overseas data centers since 2016.

(Reporting by Cate Cadell; Editing by Stephen Coates)

Should Uber users be worried about data hack? .
The theft of the personal data of 57 million Uber riders and drivers highlights how vulnerable we make ourselves when we install apps on our mobile phones and tablet computers. What happened?Uber chief executive Dara Khosrowshahi said Tuesday that hackers had compromised personal data from some 57 million riders and drivers in a breach kept hidden for a year.Stolen files included names, email addresses, and mobile phone numbers for riders, and the names and driver license information of some 600,000 drivers, according to Uber.

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